California Seen Backing Away From Specific Cap-And-Trade Option In GHG Plan

November 28, 2005
California officials leading Gov. Arnold Schwarzenegger's (R) greenhouse gas (GHG) reduction advisory panel are not expected to include in a forthcoming draft report recommendations for a specific carbon cap-and-trade program, which is seen as a minor victory for industry organizations opposed to an enforceable emissions cap. While officials do plan to recommend immediate pursuit of multimedia rules to reduce GHG emissions, several state lawmakers early next year may propose their own carbon emission caps and mandatory GHG reporting for certain...

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